Funding you earn now, next payment 03:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.025%
Price spread now: Variational Omni against Deribit−0.066%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.066%, 7d avg −0.071%
=Together, before fees−0.007%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.280 | 0.0372 | pay 0.0046% / 1h | 59m 09s | $7.4M | $4.4M | 50x |
| Short | Variational Omni HYPE | 93.219 | 0.0100 | get 0.0100% / 8h | 5h 59m | $31.1M | $54.3M | — |
Deribit HYPE_USDC-PERPETUAL
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.12
- Price spread: −0.066% → −0.071%
- $0.48
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$63.64
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 5 min ago | 1.50 bp | 9.4 bp −$9 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 0.42 bp | doesn't fit | 5.3 bp −$53 | 22.1 bp −$2,215 | doesn't fit |
HYPE on 54 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1128% | 1h | 93.185 | −0.102% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.097 | −0.196% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0254% | 1h | 93.090 | −0.204% | $698K | $903K | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0180% | 1h | 93.168 | −0.120% | $79K | $170K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | −0.088% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.205 | −0.080% | $84K | $346K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0051% | 4h | 93.164 | −0.124% | $156K | $640K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0041% | 8h | 93.198 | −0.088% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0006% | 4h | 93.185 | −0.102% | $8.8M | $35.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.189 | −0.097% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Bluefin HYPE-PERP
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDT
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.196 | −0.090% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.208 | −0.078% | $25K | — | 150x | as long as short |
| Aftermath Perps HYPEUSD | +0.0008% | 1h | 93.363 | +0.089% | $22K | $21K | 10x | as long as short |
| Bybit HYPEUSDT | +0.0011% | 8h | 93.174 | −0.114% | $319.6M | $275.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 93.179 | −0.108% | — | $53.2M | — | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.167 | −0.121% | $44.3M | $54.0M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.318 | +0.041% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.174 | −0.114% | $114.4M | $300.5M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 93.194 | −0.092% | $87.9M | $79.6M | 100x | as long as short |
| Binance HYPEUSDT | +0.0078% | 4h | 93.205 | −0.080% | $379.0M | $874.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | −0.026% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.223 | −0.061% | $16.2M | $61.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.210 | −0.075% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.188 | −0.099% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.263 | −0.018% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.210 | −0.075% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.201 | −0.085% | $5.7M | $43.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.290 | +0.011% | $2.04B | $658.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.243 | −0.040% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.059% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.215 | −0.070% | $46.1M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.175 | −0.113% | $225.4M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.155 | −0.134% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 93.219 | −0.066% | $31.1M | $54.3M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.419 | +0.149% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.263 | −0.018% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.250 | −0.032% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.252 | −0.030% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.213 | −0.072% | $474K | $2.4M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.190 | −0.097% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.171 | −0.117% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.298 | +0.019% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.194 | −0.092% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.171 | −0.117% | $18.3M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.191 | −0.095% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.230 | −0.054% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0206% | 4h | 93.361 | +0.087% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.181 | −0.107% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.248 | −0.034% | $1.9M | $4.8M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.209 | −0.076% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0372% | 1h | 93.280 | long leg | $7.4M | $4.4M | 50x | |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.278 | −0.002% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | −0.118% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.276 | −0.004% | $20.8M | $30.0M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aftermath Perps HYPEUSD
Bybit HYPEUSDT
BingX HYPE-USDT
Gate HYPE_USDT
Phoenix HYPE
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD